Alert icon
We're changing our privacy policy. This stuff matters.  Learn more  Dismiss

Big Wet's Stock Talk 5-4-09

Loading...

Sign in or sign up now!
Alert icon
Upgrade to the latest Flash Player for improved playback performance. Upgrade now or more info.
147 views
Loading...
Alert icon
Sign in or sign up now!
Alert icon

Uploaded by on May 4, 2009

5-4-09 market analysis and chart analysis

Category:

News & Politics

Tags:

License:

Standard YouTube License

  • likes, 0 dislikes

Link to this comment:

Share to:
see all

All Comments (4)

Sign In or Sign Up now to post a comment!
  • Bro, check it, $BANK, I just seriously analyzed it it could go either way tomorrow, but bottom line, if it closes the week below 1645, basically today's close, that's right, they ran it right up to resistance there too. If it closes the week lower fin's are hosed. Right now it's fin's, oil, weak dollar, and absent volume that is taking the market up. That harmonic convergence won't last!!! looking for tomorrow to be a moderate to big down day, followed by sideways into thurs, big dump then

  • That is not a reason for the market to go down. Just because it's been going up for 9 weeks, now it has to go down? That sounds like a four letter word that begins with H to me. HOPE. The bear market lasted from Dec. of 07 until March of 09. Trends can last for a very long time. Don't keep adding to a losing position. Come on now! You know better than to average down! that is what buy and holders do.

  • Big Wet, there is a confirmed double bottom on the NASDAQ. The first bottom occurring on Nov. 11th, 2008 & the second bottom occurring March 9th, 2009. The pattern was confirmed on April 24 when we closed above 1,665. This is a clear reversal pattern of the bear trend. If the pattern holds up like it is supposed to, it now has a profit target of 2,035 within the next 3 months (since that is the time it took the pattern to form). Also we closed above the 200 day on the NAZ today.

  • Stay the course man. I've been hanging onto my FAZ for the past 3 weeks, kept on adding. I'm almost out of bullets. Anxious as hell. But Its gotta break down soon. The Elliot wave newsletter says we are going to 9000-10000 before the next leg down. But I don't think so. We are going on 9 weeks. It can't hold up

Loading...

Alert icon
0 / 00Unsaved Playlist Return to active list
    1. Your queue is empty. Add videos to your queue using this button:
      or sign in to load a different list.
    Loading...Loading...Saving...
    • Clear all videos from this list
    • Learn more